Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q3 FY22 Earnings Presentation
25 slides from Sharda Cropchem's earnings presentation, Jan 22, 2022
Slide 1: Exchange filing cover letter
Slla.rda Cropchem Limited Tel. : -t-91 2266782800 FAX: +91 2266782828 I 66782808 ISO 9001 : 2015 Reg. No : 702949 E-mail : oHice@shardaintl.com CIN : L51909MH2004PLC145007 Regd . Office: Prime Business Park , Dashrathlal Joshi Road, Vile Parle (W) . Mumbai - 400056, India, www.shardacropchem .com Ja
Slide 2: Investor Presentation Q3 & 9M FY22 Results Update
Sharda Cropchem Limited INVESTOR PRESENTATION Q3 & 9M FY22 Results Update
Slide 3: Contents
2 PAGE CONTENTS NO. 03 Q3 & 9M FY22 RESULT HIGHLIGHTS 13 FINANCIAL PERFORMANCE 15 COMPANY OVERVIEW 20 BUSINESS MODEL 22 BUSINESS STRATEGY & OUTLOOK
Slide 4: Q3 & 9M FY22 Result Highlights
3 Q3 & 9M FY22 Result Highlights
Slide 5: Q3 FY22: Key Financial Highlights
Q3 FY22: KEY FINANCIAL HIGHLIGHTS 04 In ₹ Mn REVENUE & GM EBITDA & EBITDA MARGIN * PBT & PBT MARGIN PAT & PAT MARGIN 34.5% 33.9% 15.7% 15.4% 22.8% 11.6% 20.6% 9.8% 8,798 78.2 % 97.1 % 2,009 74.9 % 1,358 111.6 % 4,938 1,022 1,019 776 483 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22
Slide 6: 9M FY22: Key Financial Highlights
9M FY22: KEY FINANCIAL HIGHLIGHTS 05 In ₹ Mn REVENUES & GM EBITDA & EBITDA MARGIN * PBT & PBT MARGIN PAT & PAT MARGIN 32.0% 30.8% 19.2% 10.9% 11.4% 21,453 16.0% 7.3% 8.0% 13,075 64.1 % 96.6 % 4,113 71.0 % 2,438 80.8 % 1,723 2,092 1,425 953 9M FY21 9M FY22 9M FY21 9M FY22 9M FY21 9M FY22 9M FY21 9M F
Slide 7: Q3 & 9M FY22: Regionwise Revenue Bridge
Q3 & 9MFY22: REGIONWISE REVENUE BRIDGE 06 In ₹ Mn Q3 FY22 REGIONWISE REVENUE BRIDGE 9M FY22 REGIONWISE REVENUE BRIDGE ➢ NAFTA , Europe & LATAM continues to be the growth engine for the Company
Slide 8: Q3 & 9M FY22: Segmentwise Highlights
Q3 & 9MFY22: SEGMENTWISE HIGHLIGHTS 07 In ₹ Mn Q3 FY22 YoY ANALYSIS: REVENUE BREAKUP 9M FY22 YoY ANALYSIS: REVENUE BREAKUP 21,453 8,798 17,605 7,233 13,075 4,938 10,537 4,022 1,565 3,848 2,538 916 Agrochemicals Non-Agrochemicals Total Agrochemicals Non-Agrochemicals Total Q3 FY21 Q3 FY22 9M FY21 9M
Slide 9: Q3 FY22: Agrochemicals Business Deep Dive
Q3 FY22: AGROCHEMICALS BUSINESS DEEP DIVE 08 Q3 FY21: Agrochemicals Revenues : ₹ 4,022 Mn In ₹ Mn REGION WISE FORMULATION VS. AI PRODUCT WISE [14%] [42%] [34%] AI, 433 [10%] Q3 FY22: Agrochemicals Revenues : ₹ 7,233 Mn [8%] [14%] [43%] [42%] AI, 425 [43%] [36%] [7%] [7%] ➢ Product Mix updates: Herbi
Slide 10: 9M FY22: Agrochemicals Business Deep Dive
9M FY22: AGROCHEMICALS BUSINESS DEEP DIVE 09 9M FY21: Agrochemicals Revenues : ₹ 10,537 Mn In ₹ Mn REGION WISE FORMULATION VS. AI PRODUCT WISE [26%] [32%] AI, 895 [57%] [48%] [11%][11%] [6%] [9%] 9M FY22: Agrochemicals Revenues : ₹ 17,605 Mn [15%] [11%] AI, 1,298 [44%] [38%] [34%] [45%] [7%] [6%] ➢
Slide 11: Q3 FY22: Non-Agrochemical Business Deep Dive
Q3 FY22: NON-AGROCHEMICAL BUSINESS DEEP DIVE 10 In ₹ Mn REVENUE BREAKUP: REGIONWISE Q3 FY21: Non-Agrochemicals Revenues : ₹ 916 Mn Q3 FY22: Non-Agrochemicals Revenues : ₹ 1,565 Mn [16%] [14%] [44%] [38%] [15%] [15%] [16%] [50%] [45%] [31%] [29%] [45%] [31%] [50%] [30%] [8%] [7%] [8%] [3%] [5%] ➢ NAF
Slide 12: 9M FY22: Non-Agrochemical Business Deep Dive
9M FY22: NON-AGROCHEMICAL BUSINESS DEEP DIVE 11 In ₹ Mn REVENUE BREAKUP: REGIONWISE 9M FY21: Non-Agrochemicals Revenues : ₹ 2,538 Mn 9M FY22: Non-Agrochemicals Revenues : ₹ 3,848 Mn [17%] [16%] [17%] [18%] [43%] [46%] [34%] [32%] [46%] [48%] [33%] [29%] [6%] [5%][4%] [6%] ➢ NAFTA grew by 54.0% in 9M
Slide 13: 9M FY22: Working Capital Update
9M FY22: WORKING CAPITAL UPDATE 12 WORKING CAPITAL DAYS* NET WORKING CAPITAL DAYS 129 101 99 104 84 92 71 72 9M FY21 9M FY22 9M FY21 9M FY22 Inventory Days Receivables Days Creditors Days ➢ Net working capital days stood at 72 days in 9M FY22 * Calculated on average inventory, receivables and credit
Slide 14: Financial Performance
OG Sharda Cropchem Limited Financial Performance
Slide 15: Q3 & 9M FY22: Consolidated Profit & Loss Statement
Q3 & 9M FY22: CONSOLIDATED PROFIT & LOSS STATEMENT 14 In ₹ Mn Particulars Q3 FY22 Q3 FY21 YoY% 9MFY22 9M FY21 YoY% FY21 Revenue from Operations 8,798.1 4,938.1 78.2% 21,452.7 13,074.7 64.1% 23,956.1 5,814.3 3,233.0 79.8% 14,845.1 8,888.1 67.0% 16,359.6 COGS Gross Profit 2,983.8 1,705.1 75.0% 6,607.5
Slide 16: Company Overview
Sharda Cropchem Limited Company Overview wT = = = _— aie “= - ~~
Slide 17: Company's Snapshot
COMPANY’S SNAPSHOT 16 Agrochemicals Focused Company Asset-Light Business Model Firm Registration Pipeline Intellectual Property (IP) driven company The Company efficiently channelises its time The Company has procured 2,645 registrations* engaged in marketing and distribution of wide and resources f
Slide 18: Geographical Footprints
GEOGRAPHICAL FOOTPRINTS 17 Presence in 80+ countries across Europe, NAFTA, LATAM & RoW
Slide 19: Key Financial Performance Indices
KEY FINANCIAL PERFORMANCE INDICES 18 In ₹ Mn REVENUE FROM OPERATIONS EBITDA & EBITDA Margin* PAT & PAT Margin 23,956 19,978 20,030 22.3% 20.2% 16.3% 17.5% 19.0% 13.6% 11.2% 8.8% 8.2% 9.6% 17,066 13,992 4,552 2,292 3,124 3,454 3,267 3,506 1,904 1,908 1,763 1,647 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY1
Slide 20: Shareholding Structure
SHAREHOLDING STRUCTURE 19 KEY INSTITUTIONAL INVESTORS – 31ST DEC 2021 % HOLDING MARKET DATA AS ON 19TH JAN 2022 HDFC MF 9.20% Market capitalization (INR Mn) 33,264.3 3.53% Price (INR) 368.7 DSP MF No. of shares outstanding (Mn) 90.2 Face Value (INR) 10.0 52 week High-Low (INR) 387.1 – 262.0 SHAREHOL
Slide 21: Business Model
Sharda Cropchem Limited Business Model
Slide 22: Differentiated Asset Light Business Model
DIFFERENTIATED ASSET LIGHT BUSINESS MODEL 21 Agrochemical Value Chain Sharda’s Operating Area Basic & Applied Active Ingredient Formulation & Marketing & Research Identification Registration Manufacturing Packaging Distribution Sharda’s Model: ASSET LIGHT BUSINESS MODEL Demand Pulled / Customer Driv
Slide 23: Business Strategy & Outlook
22 Business Strategy & Outlook
Slide 24: Business Strategy & Outlook
BUSINESS STRATEGY & OUTLOOK 23 Forward Integration - Build own Sales Force ➢ Leverage market presence and execution capabilities ➢ Adopt the factory-to-farmer approach and be a one-stop solution provider 01 ➢ Strategy on-ground in Mexico, Colombia, Hungary, Spain, Poland, Italy, Portugal, USA & Indi
Slide 25: For Further Queries
FOR FURTHER QUERIES 24 Mr. Ashok Vashisht Mr. Hiral Keniya / Chintan Mehta Chief Financial Officer IR Consultants Email: cfo@shardaintl.com Email: shardacropchem@dickensonworld.com Contact No: +91 22 6678 2800 Contact no: +91 9029662801 / 9892183389 Mr. Abhinav Agarwal Chief Financial Office Email: